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DeVry refund update

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As part of the FTC’s settlement with DeVry University for deceptive advertising, the school agreed to pay $49.4 million to the FTC for partial refunds to some students. The FTC plans to mail checks before the end of the summer to people who:

enrolled for the first time in a bachelor’s or associate’s degree program at DeVry University between January 1, 2008 and October 1, 2015;

The amount of each refund will depend on how much a person paid to DeVry. The refunds will not be the full amount of money people paid.

The FTC will use DeVry’s records to identify students eligible for refunds. If you were a DeVry student between January 1, 2008 and September 30, 2015, you don’t need to do anything to apply for a refund. If you think you might be eligible, and your address has changed since you attended DeVry, you can call the FTC refund administrator at 844-578-2645 to update your address.

For information about the DeVry redress program, visit FTC.gov/DeVry and sign up for email updates. To learn more about repaying federal student aid, check out the Department of Education’s loan repayment page.

Note: On May 11, 2017, we edited this post to clarify that a student had to enroll in a degree program for the first time between January 1, 2008 and October 1, 2015.

This makes No Sense. I have the original documents from when I enrolled in spring of 2006 with the same hiring and salary statistics that were continued to be used while I went to this school through 2010. This is not helping even a fraction of the students it should.

The FTC will distribute the $49.5 million settlement fund among 175,000 eligible students. Each student will get back a percentage of the total amount the student paid to attend DeVry. If some people don’t cash their checks, the FTC will use the remaining money to send a second round of checks.

I think you're asking what kind of loans are included in this bullet : paid at least $5,000 with cash, loans or military benefits.

The answer is : it doesn’t matter what kind of loan you used to pay your tuition, as long you did not use a DeVry institutional loan that was issued directly by DeVry. For example, a student could have used a federal student loan or a loan from a bank, credit union or other source.

I called the number and waited for about an hour and the lady who got my call told me that to update our addresses, we either FAX them the information or send them through mail. Here are the info: Fax Number: 952.404.5750 Snail Mail: ATTN: FTC vs. Devry P.O. Box 2008 Chanhassen, MN 55317-2008.

Further more, I'd like to add that I have had to re-learn all the material on my own. The courses are a joke. At the time I thought we were learning, but honestly we were being ripped off. I lost a lot of money. How can I get in touch with someone to verify any information.? To verify Devry has my correct address, that my records are up to date?

call 844-578-2645 and press 0
an agent can let you know if you are on the list and can update your address if necessary. However, they cannot tell you how much you will get because they don't have that information yet.

Is there a more thorough criteria list for eligibility available or is it just based on the bullet points above? Currently I meet all that is listed but am prepared for a gotcha since I haven't even received the initial letter that was supposedly sent in January. Also, what kind of percentage of a refund is being considered for the students affected?

The FTC will distribute the $49.5 million settlement fund among 175,000 eligible students. Each student will get back a percentage of the total amount the student paid to attend DeVry. If some people don’t cash their checks, the FTC will use the remaining money to send a second round of checks.

You have press zero and wait about an hour for someone to pick up only to tell you that they can't update your address over the phone and that you have to sent a letter with your updated information to FTC. lol Seriously.

I can't tell you if you qualify. Please consider the eligibility criteria in this blog, and think about your circumstances.

The bullet that says "did not get debt or loan forgiveness as part of this settlement" is about whether you got any debt or loan forgiveness directly from DeVry for debts or loans you owed to DeVry. Some students owed money to DeVry for tuition or lab fees or loans they had directly with DeVry. As part of the FTC settlement with DeVry, DeVry had to forgive and cancel the entire unpaid balance of all private student loans issued by DeVry University between September 1, 2008 and September 30, 2015 and cancel $20.25 million in debts currently owed to DeVry University by eligible students for things such as tuition, books and lab fees. Did you get email or letters from DeVry about loan or debt forgivess?

If you still have questions, you can call the FTC refund administrator at 844-578-2645.

Bridget,
One of the requirements is "•paid at least $5,000 with cash, loans or military benefits". What do they mean by loans? Federal loans or private loans? And what is the percentage that would calculate the refund? Thanks,

If you paid at least $5,000 with federal loans or loans from a bank or credit union or private lending company, you could meet the qualification of having paid at least $5,000 with loans. BUT - a loan that was issued directly from DeVry University itself does not qualify.

I want to add to my answer. The FTC’s settlement with DeVry has two main parts:

$49.4 million cash (the “refund pool”), which will be used to pay partial refunds; and

debt forgiveness, including forgiveness of institutional loans that DeVry directly issued to students

I think you’re asking if you can be part of the refund pool considering the type of loan you used to pay your tuition. If you paid at least $5,000, and you meet the other criteria we listed, it doesn’t matter what kind of loan you used to finance your tuition payment as long as it was not a DeVry institutional loan that was issued directly by DeVry: You can be part of the refund pool.

Ms. Small, regarding Graduate programs, I suggest you get familiar with the meaning of DeVry. According to the compliant means: DeVry Education Group Inc., DeVry University, Inc., and DeVry/New York Inc., their successors and assigns, individually, collectively, or in any combination, and any of their subsidiaries located in the United States or marketing to United States consumers. You may also refer to the following link: https://www.ftc.gov/system/files/documents/cases/161215_devry_stipulatio...

Keller Graduate School of Management should have been included in this lawsuit since it is up under the DeVry umbrella. Not fair that graduate students are still saddled with debt and no jobs either!!!

Same here, they promised us high paying jobs too. They showed me literature promising me $80,000 after I graduated. I make $46,000 and am 41,000 in debt with the government. Sure I can make $80,000 but I need like 10 years of experience. They said I could get a job this high after graduating. All their job fairs have nothing anywhere close to this amount for my majors. Scammers. We were promised the same thing as well. I graduated in 2011 and am still not working in my field! We should get something for our grief.We joined the school based off of these empty promises. I would have sat on the two year wait list at the states Univeristy if I was not made these promises :( I am filing for borrowers defense.

The FTC will use DeVry’s records to identify students who are eligible for refunds. If the student is eligible, the student would get the refund.

One thing a student must do to be eligible is to have paid at least $5,000 with cash, loans or military benefits. If the student paid with parent PLUS loans, and the student meets the rest of the eligibility criteria, the refund will go to the student.

I have filed for Borrower's Defense. I haven't heard anything yet, but something may come of it, especially if enough of us start submitting. I urge people to at least try. It was a fairly simple process (at least the initial steps) and you just never know.

I will not qualify for this refund from the FTC because I began at Devry in 2006, back when they were doing the exact same song and dance. How does the FTC not see that?

So I just got done talking to the FTC representative and she said that they were just given the list of people receiving the refunds. Unfortunately, my name is not on that list. and I've met all the requirements. What do I do next?

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